Stocks of Kraft Heinz Co (NASDAQ:KHC) traded higher last session on Wall Street, up 1.48% to $36.24.
KHC stock price is now -0.25% away from the 50-day moving average and 3.01% away from the 200-day moving average. The market capitalization of the company currently stands at $44.01B.
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With the price target of $43, Citigroup recently initiated with Buy rating for Kraft Heinz Co (NASDAQ: KHC). On December 11, 2023, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock increasing its target price from $40 to quote $42, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, La Lande Rashida, Chief Lgl & Corp Affairs Ofcr sold 10,140 shares of the company’s stock on May 06 ’24. The stock was sold for $364,552 at an average price of $35.95. Upon completion of the transaction, the Chief Lgl & Corp Affairs Ofcr now directly owns 158,266 shares in the company, valued at $5.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 12 ’24, Chief Omnich Sales & AEM Ofcr Onell Cory sold 14,289 shares of the business’s stock. A total of $494,717 was realized by selling the stock at an average price of $34.62. This leaves the insider owning 145,680 shares of the company worth $5.28 million. A total of 0.39% of the company’s stock is owned by insiders.
During the past 12 months, Kraft Heinz Co has had a low of $30.68 and a high of $41.09. As of last week, the company has a debt-to-equity ratio of 0.41, a current ratio of 1.09, and a quick ratio of 0.61.
The net profit margin was 10.62% and return on equity was 5.72% for KHC. The company reported revenue of $6.41 billion for the quarter, compared to $6.49 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.2 percent.
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